Atal Pension Yojana

Atal Pension Yojana News

Atal Pension Yojana: Changes come into effect, these people can't join scheme now
Business

Atal Pension Yojana: Changes come into effect, these people can't join scheme now

A taxpayer is an individual who is liable for paying income tax in line with the Income Tax Act, 1961, as amended from time

Income tax payers won't be eligible to enrol in govt's social security scheme Atal Pension Yojana from 1 October
India

Income tax payers won't be eligible to enrol in govt's social security scheme Atal Pension Yojana from 1 October

Atal Pension Yojana provides social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month after attaining 60 years depending on their contributions

7-year report card of three flagships from Modi government
Business

7-year report card of three flagships from Modi government

Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY) complete seven years of providing social security net to the beneficiaries on Monday 9 May, 2022

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance
Business

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance

Atal Pension Yojana is the guaranteed pension scheme of the Government of India administered by the Pension Fund Regulatory and Development Authority (PFRDA)

Number of pension scheme subscribers rise to 5.2 crore
India

Number of pension scheme subscribers rise to 5.2 crore

Under the management of Atal Pension Yojana, the total pension assets stood at Rs 7.36 lakh crore, showing year-on-year growth of 27.43 per cent

Coronavirus Outbreak: PFRDA allows deferment of Atal Pension subscribers' contribution till June
Business

Coronavirus Outbreak: PFRDA allows deferment of Atal Pension subscribers' contribution till June

In a major relief to Atal Pension Yojana (APY) subscribers in the wake of coronavirus pandemic, PFRDA has allowed deferment of their contribution until June 2020

Coronavirus Outbreak: Govt allows partial withdrawal for NPS subscribers for covering expenses related to treatment of COVID-19
Business

Coronavirus Outbreak: Govt allows partial withdrawal for NPS subscribers for covering expenses related to treatment of COVID-19

The Pension Fund Regulatory and Development Authority of India (PFRDA) on Friday said NPS subscribers will now be allowed partial withdrawal for covering expenses related to treatment of COVID-19

Union Budget 2020-21: Pension fund regulator wants govt to double tax benefit under NPS to Rs 1 lakh
Business

Union Budget 2020-21: Pension fund regulator wants govt to double tax benefit under NPS to Rs 1 lakh

Pension fund regulator PFRDA is pitching for doubling the tax benefit under the NPS to Rs 1 lakh in the upcoming Budget, according to a whole-time member of the authority

Now Overseas Citizens of India can also subscribe to National Pension System: Govt
Business

Now Overseas Citizens of India can also subscribe to National Pension System: Govt

Overseas Citizens of India (OCI) will now be eligible to apply for the National Pension System at par with NRIs, the government said on Wednesday

Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020
Business

Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020

Finance Minister Nirmala Sitharaman Friday proposed to exempt from income tax 60 percent of the amount received by subscribers of National Pension System on closure of account or opting out of the scheme

Modinomics underpins need for leader who can deliver political stability, economic development, argues BJP economist
Business

Modinomics underpins need for leader who can deliver political stability, economic development, argues BJP economist

The sheer pace of Modinomics, versus the laxity of Manmohanomics, is evident from the fact that of the 23 IITs in India, in 71 years of independent India, 30 percent were set up in just two years by the Modi dispensation!

How is PM Shram Yogi Mandhan Pension scheme any different from existing pension schemes, asks rural UP
India

How is PM Shram Yogi Mandhan Pension scheme any different from existing pension schemes, asks rural UP

With unorganised sector workers already eligible for the National Pension Scheme, and the APY, it seems unclear why PM-SYM has been launched, especially if it isn’t going to be bringing anything new, in terms of expanded coverage or increased amount, to the table. And if this is nothing more than an attempt at vote-bank politics, then rural Mau, at least, can see through it.

PFRDA chairman Hemant G Contractor hopes to reach 2.72 cr subscribers under APY, NPS by March-end
Business

PFRDA chairman Hemant G Contractor hopes to reach 2.72 cr subscribers under APY, NPS by March-end

Pension fund regulator PFRDA has reached a subscriber base of 2.65 crore in its flagship National Pension System (NPS) and Atal Pension Yojana (APY) schemes and hopes to cover nearly 2.72 crore subscribers by the end of the current financial year

Budget 2019: Things to watch for in the new mega pension scheme; will it make Atal Pension Yojana redundant?
Business

Budget 2019: Things to watch for in the new mega pension scheme; will it make Atal Pension Yojana redundant?

The Atal Pension Yojana levies heavy penalties for delay in paying monthly contributions, or inability to pay contributions for certain months.

Govt plans to roll out social security code across country in three phases before 2019 Lok Sabha election
Business

Govt plans to roll out social security code across country in three phases before 2019 Lok Sabha election

The basic idea behind the pan-India launch of social security scheme is that the ministry does not want to take up controversial issues especially when the general election is months away from now.

PFRDA conducts valuation to weigh up doubling of pension limit to Rs 10,000 under Atal Pension Yojana
Business

PFRDA conducts valuation to weigh up doubling of pension limit to Rs 10,000 under Atal Pension Yojana

A proposal was made in the past to raise the pension under APY to double the limit from the existing slab of up to Rs 5,000.

Arun Jaitley to meet heads of public sectors banks tomorrow; to review financial performance, bad loan situation
Business

Arun Jaitley to meet heads of public sectors banks tomorrow; to review financial performance, bad loan situation

The meeting will review the annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes

Arun Jaitley to meet heads of PSBs next week to review performance, credit growth, bad loan situation
Business

Arun Jaitley to meet heads of PSBs next week to review performance, credit growth, bad loan situation

Arun Jaitley's meeting will happen against the backdrop of the 'Alternative Mechanism' (AM) to merge three public sector banks Bank of Baroda, Vijaya Bank and Dena Bank

Daily Bulletin: PM addresses nation in last Independence Day speech before election; Reliance GigaFibre pre-bookings start today
India

Daily Bulletin: PM addresses nation in last Independence Day speech before election; Reliance GigaFibre pre-bookings start today

All eyes are on the Red Fort ramparts today with Prime Minister Narendra Modi giving the last Independence Day Speech of his current term in the Lok sabha, and other top stories of the day

Social security cover extended to around 50 crore people from 5 crore in 2014, says Narendra Modi
Business

Social security cover extended to around 50 crore people from 5 crore in 2014, says Narendra Modi

Modi said beneficiaries under various social security schemes stood at about 5 crore in 2014, which has now increased to 50 crore.